Tag Archive | “Freddie Mac”
Another 8.3 Million Underwater Homeowners on Track to Resurface Before 2015
While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months — without resorting to a short sale.
Continue reading…June Foreclosures Fell to Lowest Level since December 2006
Sunday, July 14, 2013
Not since Santa Claus visited the George W. Bush White House has the total of properties with foreclosure filings–default notices, scheduled auctions and bank repossessions – reached a level as low as they did last month.
Continue reading…Obama Considering HARP for Non-Agency Borrowers
Monday, February 11, 2013
President Obama is considering announcing a major expansion of the HARP 2.1 refinancing program in his upcoming State of the Union speech that would make it possible for underwater borrowers whose loans are not held by Fannie Mae or Freddie Mac to refinance at today’s low rates.
Continue reading…Fannie and Freddie have a Florida Problem
Thursday, January 3, 2013
Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.
Continue reading…State Squabbling Diverts AG Settlement Funds
Monday, October 22, 2012
Squabbling between governors, legislatures and the attorneys general who negotiated the National Mortgage Settlement with major lenders has tied up more than $588 million of the $2.5 billion paid by lenders as a result of the agreement and diverted $988 million more into states’ general funds for non-housing uses, according to a study by Enterprise Community Partners.
Continue reading…Foreclosure Price Surge Greatest in Six Years
Sunday, September 2, 2012
The average foreclosure-related sales price in the second quarter ($170,040) soared 6 percent from the first quarter of the year and was up 7 percent from the second quarter of 2011 – the first annual increase in average price since Q2 2010 and the biggest annual increase since Q4 2006.
Continue reading…Obama Plan for Fannie and Freddie Holds Short-term Surprises
Friday, February 11, 2011
The Administration’s plan to wind down Fannie Mae and Freddie Mac over the next five to seven years and replace their functions with new regulation and private sector capital announced this morning contains some short term surprises that will impact real estate consumers and the housing economy within the next year.
Continue reading…First-Time Buyers React to Rising Rates
Monday, December 20, 2010
A sharp increase in interest rates is driving first-time homebuyers back into the market, increasing first-timer share of the home buying market according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Continue reading…2011 Outlook: Stars Align for Buyers with Low Rates and Prices
Tuesday, December 7, 2010
Interest rates below 5 percent and prices bottoming out in the first half of the year will drive two of the three main ingredients for buyer affordability to cyclic lows next year, Freddie Mac’s chief economist said yesterday.
Continue reading…Geithner Blasts Fannie and Freddie
Tuesday, August 17, 2010
He also announced the Administration will not support returning Fannie and Freddie to the role they played before they entered conservatorship in 2008, “where they fought to take market share from private competitors while enjoying the privilege of government support.”
Continue reading…
Thursday, September 5, 2013
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